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4.35%

11.0¢ gwr group limited

Ann: IPO Prospectus for Western Gold Resources Lodged, page-12

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wilef

2,688 Posts.

104

24/05/21

11:38

Post #: 53370549
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Originally posted by wilef: ↑

The problem with the gold going alone as a company, has a few problems.
Starting out the company has only about $7million in cash,
WMX doesn't look like treating our gold, or, you would have heard about it by now. Or, maybe they want a bit more $'s to treat it. Which might make it not worth our while.
The resource is not big enough to warrant it's own plant at this stage
$7 million is not going to last long with a bit of drilling and exploration plus administration (directors).... expect a few credit raisings.
That's why it was better staying as part of GWR, they handled the cash and administration.
Shareholders 50% has been given away and we have still got the same administration..... "Nice work if you can get it"

It appears to me that the directors of GWR have not got a clue, when it comes to actually Mining

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I forgot to add that this separating the Gold from the iron ore, makes it less chance of a Take over target.
If GWR, was ever a take over target?

GWR Price at posting: 27.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 11.0¢		Change -0.005(4.35%)		Mkt cap ! $35.33M

Open	High	Low	Value	Volume
11.0¢	11.0¢	11.0¢	$7.07K	64.27K

Buyers (Bids)

No.	Vol.	Price($)
2	105010	10.0¢

Sellers (Offers)

Price($)	Vol.	No.
11.0¢	35726	1

View Market Depth

No.	Vol.	Price($)
2	105010	0.100
2	79550	0.099
1	30000	0.098
1	100000	0.093
1	121112	0.068

Price($)	Vol.	No.
0.110	35726	1
0.115	254603	2
0.120	83756	4
0.125	70000	1
0.130	108000	2

Last trade - 16.10pm 29/04/2024 (20 minute delay)


Last 11.0¢			Change -0.005 ( 0.00 %)
Open	High		Low	Volume
11.0¢	11.0¢		11.0¢	37805
Last updated 12.54pm 29/04/2024 ?

GWR (ASX) Chart